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Lake Terrapin Detached Homes Post A 5% Increase As OF 9/24/2010

By Karen Kruschka

Real Estate Agent with RE/MAX Executives

September 24, 2010 03:47 AM

Lake Terrapin Entrance

There are 430 homes in Lake Terrapin at present and several builders are still selling new homes. The entrance on Spriggs Road is about halfway between Dumfries Road and Minnieville Road.

Lake Terrapin detached home prices posted a 5% increase over full year 2009 as of September 24, 2010. This is not as high as the overall average sold price increase of 18% percent throughout all of Prince William County, but it most certainly is a major improvement over the price declines of recent years. The higher price increase for all of Prince William County is reflective of the fact that lower priced town homes have rebounded significantly

Interest rates are currently at record low levels. It would appear now may be the best time to consider a home purchase in Lake Terrapin while home prices are still considerably below the market norm.

Lake Terrapin
Woodbridge VA
Detached Home Market Report

Homes Sold and Settled
Year-To-Date 2010 vs. Total Year 2009

	2009	2010	+/- %
Number of Homes	21	12
Average List Price	407,397	418,858	+3%
Average Sales Price	403,129	416,200	+3%
Seller Contribution	-17,024	-9,054	-47%
Net Sales Price	386,105	407,146	+%

As of 9/24/2010
About Lake Terrapin, Woodbridge VA
COMMUNITY ADVANTAGES

Pool and tennis club
Large usable lots
Underground utilities
Sidewalks
Wide streets
Fortuna Village Shopping Center is approximately 15 minutes. Lake Montclair Center is approximately 10 minutes and Staples Mill Center are approximately 5 minutes from Lake Terrapin
Well maintained homes
Numerous home styles to prevent the "cookie cutter" look
Planned community activities
All of these features provide additional real estate value

COMMUTING

Commuter buses to the Pentagon, Washington, DC and the Washington Navy Yard/Bolling AFB are located at Dale Boulevard and Minnieville Road (Approximately 10 minutes)
Bus service to the Franconia-Springfield Metro is available at the Horner Road Commuter Parking Lot
Slug Lines can be found at the Horner Road Commuter Parking Lot
MCB Qantico is approximately 15 minutes from Lake Terrapin

SCHOOLS and LIBRARIES

There are several different schools that serve Lake Terrapin. The Prince William County School Locator enables you to locate the current school for any specific address
Dale City Neighborhood Library is located in the Center Plaza Shopping Center
Chinn Regional Library less than 20 minutes

RECREATION

Lake Terrapin has its' own pool, tennis courts, playground and several tot lots throughout the community
Dale City Rec Center located on Minnieville Road with year round pool, fitness center and other recreational activities including an outdoor baseball batting cage.
Water Works Waterpark is located on Dale Boulevard in Dale City
Prince William Indoor Ice Rink is also located on Dale Boulevard
Prince William Forest Park with 37 mikes of hiking trails, 21 miles of bicycle accessible roads, cabin and tent camping is approximately 20 minutes
Leesylvania State Park with boat launch to the Potomac, picnic facilities and educational programs is less than 30 minutes
Lake Ridge Park and Marina with boat launch to the Occoquan Reservoir, 9-hole golf course, miniature golf and picnic facilities is approximately 20 minutes
Occoquan Regional Park with boat launch to the Occoquan River, summer boat storage,ball fields and picnic areas is approximately 25 minutes
Old Hickory Golf Club is approximately 20 minutes
Chinn Aquatics and Fitness Center with year round pool, exercise facilities, racquetball courts and meeting room is approximately 15 minutes

LAKE TERRAPIN HOMES FOR SALE

My Team has 34 years experience in Woodbridge, Dumfries, Manassas, Gainesville, Haymarket Prince William County

”Experience Isn’t Expensive – It’s PRICELESS”
If you plan to buy or sell a or other Prince William County home contact Karen and Art by Email or call us at 703-690-6569. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

Prince William County

Karen Kruschka's Web Site

Map of Lake Terrapin Woodbridge

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Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

Northern Maine Real Estate-Aroostook County Broker

Super news! I like to read the good that is happening that the media suppresses.

Sep 24, 2010 03:48 AM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Andrew How very true

Sep 24, 2010 03:50 AM

Jim Frimmer

HomeSmart Realty West - San Diego, CA

Realtor & CDPE, Mission Valley specialist

How interesting that you have a line for "seller contribution." Who keeps track of that? I've never seen it before.

Sep 26, 2010 01:24 PM

Marie Haydock

Evergreen Global Homes & Land | RSVP Real Estate - Redmond, WA

Simplifying Real Estate

WOW! You've got it all in this post, Karen. Such a great job, relevant info for prospects and clients, and a great layout for others on AR to learn from. Thank-you for sharing.

Sep 26, 2010 05:51 PM